BUSINESS NOTES.Byline: Daily News staff and wire services A federal court in Munich, Germany, has ordered Electro Optical Systems GmbH, a German competitor, to pay 3D Systems Corp. of Valencia reasonable compensation for infringing on a 3D Systems' patent in 1992 and '93. The court also ruled that EOS Eos (ē`ŏs), in Greek religion and mythology, goddess of dawn; daughter of the Titans Hyperion and Theia. Every morning she arose early and preceded her brother Helios into the heavens. had avoided continued infringement of the patent after November 1993 by redesigning its products. The amount of the compensation to be paid 3D Systems has not yet been determined, A.S. Alpert, 3D Systems vice president and general counsel, said in a prepared statement. Similarly, claims by both parties for recovery of costs and attorneys fees are not expected to be material, and may be the subject of additional court hearings. 3D Systems has additional litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. pending against EOS in France, and against an EOS customer in Germany. These patent infringement patent infringement n. the manufacture and/or use of an invention or improvement for which someone else owns a patent issued by the government, without obtaining permission of the owner of the patent by contract, license or waiver. suits are based on a number of patents, patent applications and utility models, many of which were not the subject of the Munich litigation, and which, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Alpert, cover several additional features of the EOS product in question. 3D Systems Corporation develops and manufactures stereolithography The first 3D printing technology, which was pioneered by Chuck Hull of 3D Systems. See 3D printing. systems and markets them to industries including aerospace, automotive, computer, electronic, and medical. Nearly 600 stereolithography systems have been installed worldwide to build prototypes and parts directly from CAD/CAM CAD/CAM in full computer-aided design/computer-aided manufacturing. Integration of design and manufacturing into a system under direct control of digital computers. system input, substantially reducing the time and costs of bringing new products to market. boxes VALENCIA - Taitron Components Inc. Tuesday reported record sales and earnings for the fiscal year that ended Dec. 31. Such results reflect the company's expanding customer base and, the company believes, a growing recognition of its niche in the semiconductor market. For the year, net earnings rose 139 percent to $4.3 million, or 69 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. , from $1.8 million, or 41 cents per share, in 1994. For the 1995 fourth quarter, net earnings advanced to $1.3 million, or 19 cents per share, compared to $600,000, or 14 cents per share, in the prior-year period. Net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight for 1995 increased 46 percent to $35.9 million, up from $24.6 million in 1994. Net sales in the fourth quarter advanced to $9.1 million from $7.2 million in the same quarter last year. The increase in shares outstanding in the current periods reflect Taitron's initial public offering of approximately 2.5 million shares of Class A common stock completed in April 1995. Earnings-per-share calculations in prior-year periods were based on fewer equivalent shares outstanding. Taitron, based in the Valencia Industrial Center, company distributes a wide variety of transistors, diodes and other discrete semiconductors, and optoelectronic devices, to other electronic distributors and original equipment manufacturers in North America. |
|
||||||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion